If you want to become a homeowner but feel buried by debt, don’t stress — you’re not alone, and there is a clear path forward.

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You just need a plan… and the discipline to follow it.

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Here are 5 practical steps that can help you reduce your debt and move closer to owning your first home 👇

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1️⃣ Make a list of ALL your debts

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Write everything down, including:

✔️ creditor name

✔️ balance

✔️ interest rate

✔️ minimum payment

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Most credit card statements now show how long it will take to pay off your balance at minimum payments — use this to stay honest with yourself.

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Seeing everything in one place is the first step toward taking control.

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2️⃣ Lower your interest rates wherever possible

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This part is easier than many people think.

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Try these strategies:

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✔️ Call your credit card companies

Ask for a lower interest rate. Mention competing offers. Many will approve a reduction and send it in writing.

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✔️ Use balance transfer promotions wisely

Some cards offer 0% for 6–12 months. Pay aggressively during this period — don’t fall into the trap of overspending.

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✔️ Consider a debt consolidation loan

If you have home equity, we can consolidate your debts at a much lower rate than credit cards.

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✔️ Renegotiate car loan or service bills

Lenders sometimes lower rates for good payment history.

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✔️ Renegotiate utilities and cellphone plans

Competition is high — companies often reduce rates when you mention switching.

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The goal is simple:

Reduce interest → lower monthly costs → pay off debt faster.

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3️⃣ Know your numbers

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There are two key numbers to track:

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✔️ Your total debt amount

How much do you need to eliminate to reach a clean slate?

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✔️ Your credit score

What score do you need to qualify for a mortgage?

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If you’re unsure about the required credit score or debt thresholds, message us — we can walk you through exactly what lenders look for.

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Once you know your numbers, you can set a realistic timeline.

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4️⃣ Build a realistic plan

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Decide how you’ll tackle your debts:

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✔️ Highest-interest first (saves the most money)

✔️ Smallest-balance first (creates faster momentum)

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Pick one strategy and stick to it.

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Pay off one debt at a time — it feels achievable and helps you stay motivated.

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Bonus tip: some local libraries and community centres offer free budgeting or financial planning workshops. They’re worth checking out.

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5️⃣ Monitor your progress and adjust as needed

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Ask yourself:

✔️ Are balances going down?

✔️ Is your credit score rising?

✔️ Are you staying within your budget?

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Like any business, even big companies review and adjust their budget quarterly — you can do the same.

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Small adjustments make a big difference over time.

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Stay consistent, celebrate small wins, and keep your long-term goal in mind: stepping into your own home.

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💡 Final Thought

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Debt doesn’t disappear overnight — but with structure, commitment, and the right guidance, it becomes manageable.

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If you want help reviewing your debts, improving your credit, or building a mortgage-ready plan, message The Frontline Mortgage Group. We’ll guide you step-by-step toward becoming a homeowner. 💬